Evergrande Is Officially In Default – The First Bubble Has Burst

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Evergrande’s default is now finally confirmed by paying agent Citibank! Here is the proof!

Evergrande bondholder: “I will never see my money again”

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Color your money gone, offshore “investors” in China’s fraud-riddled property bubble. Should’ve stacked the shiny instead.


As China Evergrande reportedly begins negotiating creative ways to repay billions owed to offshore bondholders, a paying agent of one of the embattled property giant’s USD-denominated bonds has sent a letter to investors officially confirming default.

Dr Marco Meltzer, a respected German financial analysts and outspoken critic of the handling of Evergrande’s debt crisis, says he received a letter from Citi earlier this week all but confirming the company is broke.


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